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News-Flash: FHA Will not Increase Downpayment
07 May 10 11:08 AM | Amos Elroy | 0 Comments   
Recently we have reported on the new FHA changes that raised the mortgage insurance rate to go from 1.75% to 2.25% in order to offset declining reserves caused by high default rates. We also noted that later this year the required minimum downpayment Read More...
More Detail on FHA Loan Changes
03 February 10 09:16 AM | Amos Elroy | 0 Comments   
Here is a Clarification of the FHA changes posted from Assistant Secretary of Housing - FHA Commissioner I wanted to take a moment to make sure you are familiar with events surrounding a sweeping set of policy changes for FHA announced earlier this week. Read More...
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FHA Soon to Make Buyers Pay for Waiting
02 February 10 03:03 PM | Amos Elroy | 0 Comments   
Delaying home purchase this year could cost home-buyers dearly. If you are considering buying a home this year, time is running out before FHA mortgage rules change for worse. Federal Housing Authority (FHA) guaranteed loans are mortgages that offer a Read More...
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